LOS ANGELES, April 5 /PRNewswire-FirstCall/ -- The X-Change Corporation (Pink Sheets: XCHC), a multimedia and e-commerce venture serving the diverse and growing Hispanic markets, announced today the resignation of Roberto Orci from its board of directors.
Company President and CEO, Haviland Wright, Ph.D., said, "We announce with regret the resignation of Roberto Orci from our board. President of Acento, a leading Hispanic advertising and marketing agency, Mr. Orci informed us that his own board worried about a conflict of interest between their company and our own strategic direction. However, we look forward to working with Mr. Orci in other ways."
In his letter of resignation, Mr. Orci wrote, "This morning was the first opportunity I had to discuss the matter with the Acento board of directors. And they rightly felt that because of our broad and growing scope of marketing services there was actual and potential conflicts of interest for me if I were to continue on the X-Change board. I wish you success and regret that I will not be a part of this challenging venture with you."
About The X-Change Corporation
The X-Change Corporation is a multimedia and e-commerce venture serving the diverse and growing Hispanic markets of North America, including Canada, the USA, and Mexico through the provision of services tailored to their cultural expectations and preferences. These services initially include a bilingual home shopping network accessible through TV converter boxes, the web, and mobile devices, and an entertainment service delivering Latino-targeted content to web browsers, TV, and mobile devices. The Company intends to seek out or build complementary products that help it achieve its goals for growth and profitability.
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. The X-Change Corporation does not undertake any duty nor does it intend to update the results of these forward-looking statements.
SOURCE The X-Change Corporation